Deregulation Quote by Jacob Weisberg
“As with the government failures that made 9/11 possible, neglecting to prevent the crash of '08 was a sin of omission - less the result of deregulation per se than of disbelief in financial regulation as a legitimate mechanism.”
About This Quote
Source Speech: Commentary on financial regulation, 2009
Neglecting to prevent crises stems from disbelief in regulation, not just deregulation.
In simple terms: Ignoring risks is a sin of omission.
Key Takeaway
Regulate proactively.
Themes
financial crises
regulation
government failure
Mood
cautious
critical
Type
analytical
political
When to use this quote
- banking oversight
- legislative reform
- public awareness
Key Concepts
risk management
policy skepticism
Questions to Reflect On
- How can belief in regulation be strengthened?
- What safeguards prevent omission sins?
A Different Perspective
Regulation alone cannot guarantee safety without enforcement.
![“However, we all sin by omission. Therefore, we are all sinners in constant need of a 'Savior'." ~R. Alan Woods [2010]” quote by R. Alan Woods](https://sms4smile.com/quotes/img-quotes/b03/r-alan-woods-1455_goals_however-we-all-sin-by-omission-therefore_2932667.jpg)
